Q. If the Authority finds that the assured rates, advantages, terms, and conditions in connection with life insurance business are not workable or sound, what action may it take?

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Q. What factor does the IRDA give preference to in the grant of a certificate of registration?

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Q. Within what timeframe may an applicant appeal to the Central Government for reconsideration if the IRDA rejects the application for registration?

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Q. By what date should an insurer renew their registration each year?

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Q. What is the basis for calculating the renewal fee for an insurer's registration?

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Q. In the case of an insurer solely engaged in re-insurance business, what is considered for calculating the renewal fee?

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Q. Under what circumstances may the registration of an Indian insurance company or insurer be suspended?

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Q. What is one of the reasons for which an insurer's registration may be suspended?

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Q. What may lead to the cancellation of an insurer's registration by the IRDA?

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Q. What condition may result in the IRDA canceling the registration of an insurer as a penalty?

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Q. Under what circumstances can the IRDA cancel an insurer's registration at its discretion?

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Q. What may lead to the cancellation of an insurer's registration if the Central Government of India directs?

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Q. What happens to the insurer's rights and liabilities in existing contracts after the cancellation of registration?

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Q. What action can the Authority take after the cancellation of registration if the insurer's affairs are not wound up?

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Q. What conditions must an insurer fulfill within six months for the Authority to consider reviving registration after cancellation?

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Q. What is one of the conditions for the revival of an insurer's registration after cancellation?

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Q. What is the primary purpose of reinsurance?

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Q. Why do insurance companies engage in reinsurance?

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Q. What type of risks do reinsurance contracts primarily deal with?

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Q. What are the fundamental objectives of reinsurance?

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